The morning news. [volume] (Savannah, Ga.) 1887-1900, 1887-12-02
{ PRICE G1OA YEA9.
/ DCENTs A cor
CENTRAL STOCK POOLED.
THE GEORGIA COMPANY COM.
PLETES ITS ORGANIZATION.

Every Bond Paid for at the Rate OF
the Pool Stock for One of the Roads
Regular Issue--What it VIII Proba.
bly, be List ed at.
New York, Dec 1.-THE Georgia Com
pany," growing out of the Georgia Central
railroad syndicate, is finally an "affair
complete" All the formalities Of the or
ganization and financial details were per.
tected to-day. The $4,000, 900 of the Georgia
Company 8 per cent bonds secured by tbs
trust deposit of the syndicate's 40, 900 shares
of Georgia Central railroad stock were to
day duly executed by the Georgia Company.
and every bond Of the entire issue having
been previously sold TO a syndicate
OF New York and foreign capital
lists, they were to-day delivered to tbs
purchasers, who received and paid for them
at 05c. on the dollar In accordance With
the Georgia Company's terms of organiza-
tlon, cash assessment of 10 per cent on
the issue of bonds was required to be paid
into the treasury of the company. This was
n condition to the issue of Georgia Company
stock TO the owners of the 10000 shares OF
Georgia Central, in the ratio of three shares
FOR one. This assessment was all paid to-day
and tomorrow the members Of the Central
syndicate will receive their Georgia Conn
pany stock.
TO BE LISTED TO-DAY.
The Georgia Company stock will be
promptly listed to day on the New York
Stock Exchange and from % to 80 Is pre-
diced as the probable opening price for it.
1t is generally conceded that this new or
ganization is one of the best conceived and
strongest backed Southern enterprises that
has ever been launched in Wall street. The
Calhoun brothers, john C. and Pat, are ac-
corded much credit by those who under
stand the matter, for the ability and energy
they have manifested in connection with
this enterprise from its inception.
The officers of the Georgia company
elected for the current year are: II. B.
Hollins, President, and as Directors Messrs.
John II. Inman, James Swami, E. K. Dem
nison, Emanuel Lehman, G.. L. Kissel, J.
L. Rice, August Belmont, Jr., and Meyer
Lehman.
j. L. Rice has been chosen New York
counsel for the company, and Pat Calhoun
Southern counsel.
THE RICHMOND TERMINAL.
The much talked of dissensions in the
Richmond Terminal management, and the
current rumor of probable contest for the
Presidency at the approaching election Dec.
13, may be boiled down to the following
facts: The large Terminal stockholders
are divided into several factions, and they
are not all harmoniously disposed to Alfred
Sully, who is now President. While these
various elements were not unanimously in
favor of Mr. Sullys reelection, they never
succeeded in discovering but one man who
was acceptable to all of them and that man
was John II. Inman. 1t is now positively
known that all the parties agreed to COM
bine on Mr.. Inman, but unfortunately for
the success of that programme, Mr.. lnmau
declined TO be a candidate. This left the
several factions without leader on whom
they all could agree, and without concert of
action against Mr. Sully it was doubtful if
he could be beaten.
REELECTION PROBABLE.
At all events it is almost certain tonight
that there will be no fight against Mr.. Sully,
but that he will be reelected President OF
the Terminal without opposition. There
WILL however, be some vital changes made
in the directory. Six new members will be
elected, embracing the following strong and
influential names r. T. Wilson, Cornelius
Flower, JOHN H. Hall and C. NJ MCGEE
Such additions TO the board, together
with those already there will give to the
Terminal Company the ablest richest and
probably most influential board of railroad
managers in the United States
The Richmond and Danville Company,
which is the backbone of the whole Ter
minal system, comprising as it does about
2,200 miles Of road has its annual election
this month also. Mr.. Inman has been
urged to accept the Presidency of that road.
He is seriously considering the proposition
and will most likely take it.